#new-york-city-budget
#new-york-city-budget
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#zohran-mamdani #tax-policy #property-tax-increase #state-aid #eric-adams #pension-restructuring #state-funding
New York City
fromwww.amny.com
1 day agoNYC BUDGET: Hochul and Mamdani announce $4B package to plug deficit, avert property tax hikes | amNewYork
A new state-city fiscal agreement provides nearly $8 billion in two-year assistance through funding, revenue measures, and savings actions, avoiding major property tax increases.
#homelessness-spending
New York City
fromNew York Post
1 month agoNYC burning $81K per homeless person - with nothing to show for it
New York City spends $81,000 per street homeless person annually while average take-home pay is $40,600, with spending projected to reach $97,000 next year despite minimal impact on actual homeless populations.
fromwww.foxnews.com
2 months agoFormer NYPD chief calls police cuts 'recipe for disaster' as Mamdani threatens tax hikes
Former New York City Police Department (NYPD) Chief John Chell blasted New York City Mayor Zohran Mamdani for walking back the planned hiring of 5,000 more police officers amid a city budget shortfall of billions of dollars, calling it a "recipe for disaster." Mamdani's predecessor, Mayor Eric Adams, proposed at the end of his term that the city hire 5,000 more NYPD officers. Upon entering office, Mamdani moved to cancel all orders signed by Adams after his Sept. 26, 2024, indictment,
US politics
New York Rangers
fromwww.amny.com
2 months agoEditorial | Mamdani must manage the budget within NYC's means | amNewYork
Mayor Mamdani seeks to close the city's multi-billion-dollar budget gap by taxing the wealthy or cutting services, while promoting a third option of fiscal efficiencies and state aid.
fromwww.amny.com
3 months agoEditorial | Mamdani needs to hold off on the tax talk amNewYork
New York City and Mayor Zohran Mamdani find themselves in deep economic water. The city is staring at a $12 billion budget hole that must be filled by June 30, a massive economic challenge for any mayor, let alone one on the job for just 22 days like Mamdani. Without question, a deficit of this size will hinder Mamdani's ability to realize much of the affordability agenda that propelled him to the highest office in New York City last year.
New York City
fromwww.amny.com
4 months agoMamdani transition: Sherif Soliman, who worked for 3 different mayors, to serve as new budget director amNewYork
Budgets are nothing if not a reflection of political choices and political will, and I am eager to make different decisions and to enact an agenda that puts first the many, not just the privileged, Mamdani said.
NYC politics
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